Payment Institutions & E-Money
What Is ÖDED?
ÖDED (Payment and Electronic Money Association) is the only industry association representing the payment and electronic money institutions operating in Türkiye under Law No. 6493.
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"payment regulation"
142 articles found
Laws & Regulations
What Is the Communiqué on Information Systems Used in Payment and Securities Settlement Systems?
This communiqué regulates the procedures and principles for the information systems used in running payment and securities settlement systems, from information security to business continuity.
Payment Institutions & E-Money
The Payment and Electronic Money Institutions Association of Turkey Is Being Established
Under the Law on Payment Services and Electronic Money Institutions, the organs, duties and powers, and working principles of the Payment and Electronic Money Institutions Association of Turkey have been determined. The statute is now in force.
Payment Systems
What are Payment Systems?
Let's talk about payment systems, which we have heard more about since the internet entered our lives, and the basic structures behind them. The first credit card in the world was used in America in the 1920s.
Laws & Regulations
What Is Law No. 7192 and What Does It Include?
Law No. 7192 amends certain articles of Law No. 6493 on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions. Announced on 22 November 2019, it entered into force on 01.01.2020.
Credit Card
Change Made to the Credit Card Minimum Payment Ratio
The credit card minimum payment amount lets customers who cannot pay their full debt keep using their cards. In June 2019 the BRSA set the minimum payment at 30 percent for all limits, and kept 40 percent for cards issued within the past year.
Merchant & POS
The Logo of Our National QR Code, TR Karekod, Has Been Announced
In the world of payment systems, there are new developments every day in both accepting payments and payment methods. QR code payments will undoubtedly become more common in the coming days, and we will make payments with QR codes in many places.
Contactless
What is a TR Karekod Transaction?
A TR Karekod transaction is a payment carried out using a QR code generated according to the procedures and principles in the regulation on the generation and use of the TR Karekod in payment services.
Mobile Payments
What Is FAST – TR QR Code?
TR QR Code is the QR code standard defined by the regulation on generating and using TR QR codes in payment services. FAST – TR QR Code refers to the TR QR Code used for payments made through FAST, built on BKM's infrastructure.
Laws & Regulations
What Is the Regulation on Bank Cards and Credit Cards? What Does It Contain?
The purpose of the Regulation on Bank Cards and Credit Cards is to set the procedures and principles for issuing and using bank and credit cards and for the activities of institutions in the card payment system.
Payment Institutions & E-Money
What Is an E-Money Institution? Which Services Can It Provide Under Law No. 6493?
The Law defines e-money as monetary value issued in exchange for funds accepted by the issuer, stored electronically, used for payment transactions and accepted as a payment instrument by persons other than the issuer. This post explains e-money institutions and the services they may provide.
Payment Systems
Guide Linking Payment Business Models to Payment Service Types Published
This Guide links business models frequently encountered in the payments field to the payment services listed in Law No. 6493 on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions, and aims at uniformity in practice.